Manufacturers show optimistic business prospects for 2016

Ha Noi (VNA) – Enterprises operating in the processing and manufacturing sectors are optimistic about growth in export orders for 2016, Cong Thuong ( Commerce and Industry) newspaper reported on January 11.

According to a recent report from the General Statistic Office under the Ministry of Planning and Investment (MOPI) on business trends within the processing and manufacturing industries; over 80 percent of the enterprises evaluated in the first quarter of 2016 will be stable or even better off than 2015.

Meanwhile, only 17.7 percent of those forecast that 2016 will be a tougher year than last year.
As many as 91.6 percent of enterprises anticipate a higher production volume for 2016, compared with 2015. While 66.7 percent of them predict more stable production costs for the coming year.

The office said this major trend clearly shows Vietnam ’s business climate has been improved significantly.

In 2015, Vietnam had over 94,750 newly established enterprises with a total registered capital of 601.5 trillion VND (27.3 billion USD) , up 26.6 percent in the number, and 39.1 percent in capital, respectively, compared to 2014.

New businesses generated nearly 1.5 million jobs for workers, a year-on-year increase of 34.9 percent.

In the same year, the number of enterprises who resumed operation was 21,500, a climb of 39.5 percent compared to the year before, while the number of dissolved businesses was 9,467 revised down 0.4 percent against 2014.

The ministry asserted the Enterprises and Investment Laws, which came into effect from July 1, 2015, have shown positive impact on enterprises’ activities.-VNA